International News

Bloomberg Mark Zuckerberg is heading back to court. Facebook Inc.’s chief executive officer is expected to testify later this month in a shareholder lawsuit over voting power, according to a person familiar with the plans. The trial, set to start on September 26, will explore whether the board had shareholder interests in mind when it approved a new class of ...

Bloomberg Uber Technologies Inc. is under investigation by federal authorities in New York for its alleged use of a spyware programme designed to undermine competition for its digital ride-hailing service, according to people familiar with the matter. The executive charged with making sure Uber follows the law, Global Head of Compliance Joseph Spiegler, resigned last week after a year and ...

Bloomberg China will expand its agricultural use of environment-damaging plastic film to boost crop production even as authorities try to curb soil pollution, a government scientist said. Some 1.45 million metric tons of polyethylene are spread in razor-thin sheets across 49 million acres—an area about half the size of California—of farmland in China. Use of the translucent material may exceed ...

Bloomberg India must boost growth if it’s to provide enough jobs for what will be the world’s biggest workforce, and history shows that some of the country’s best economic phases have come when society is most open, said Raghuram Rajan. Speaking a week after data showed growth in Asia’s No. 3 economy unexpectedly slowed to 5.7 percent, the former governor ...

Bloomberg China will set a deadline for automakers to end sales of fossil-fuel powered vehicles, a move aimed at pushing companies to speed efforts in developing electric vehicles for the world’s biggest auto market. Xin Guobin, the vice minister of industry and information technology, said the government is working with other regulators on a timetable to end production and sales. ...

Bloomberg India’s ability to predict the sort of devastating deluge that struck Mumbai last week is set to get a major boost next year. The heaviest rainfall since 2005 killed a dozen people in India’s financial capital, disrupted stock and bond trading and halted a suburban train network that carries about 8 million people a day. Local residents and civic ...

Bloomberg The House is set to pass $7.4 billion for a federal disaster-relief fund two days before it’s set to run out as Hurricane Irma bears down on Florida and bills mount for a storm that flooded tens of thousands of houses in Texas. Senate Republican leaders want to use the Federal Emergency Management Agency funding measure to suspend the ...

Bloomberg Theresa May called on employers to train more British workers to fill vacancies after Brexit, after a leaked document suggested the UK is preparing to limit and discourage immigration from the EU. The prime minister said low-skilled immigration has hit the wages of British people and promised to control the numbers coming in after the country leaves the EU ...

Bloomberg Intel Corp. won a round in its eight-year fight with the European Union (EU) over a $1.26 billion fine in a case that could have ramifications for a list of disputes involving US tech giants including Google and Qualcomm Inc. The EU’s top court ruled that Intel’s appeal had to be reexamined by a lower tribunal, criticising judges for ...

Bloomberg French luxury titans LVMH and Kering agreed to curb the use of ultra-skinny models on runways and in advertising campaigns, bowing to a public outcry over unhealthy depictions of young women by the fashion industry. The Paris-based companies said they’d implement stricter guidelines for the treatment of models, including increasing minimum garment sizes for fashion shows as well as ...